Wright Patman. [Source: MichaelJournal.org]The House Banking and Currency Committee rejects a proposal to probe possible violations of banking laws in connection with the Watergate burglary (see 2:30 a.m.June 17, 1972) and other alleged irregularities in Republican campaign financing. The vote is 20-15, with six Democrats voting with all the panel’s Republicans. Chairman Wright Patman (D-TX), author of the proposal, accuses the White House of “engineering” the rejection of the probe. Patman’s probe would have subpoenaed around 40 individuals and organizations, including top Nixon campaign aides. [Arkansas Democrat, 10/3/1972]

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